EPC Setup and Trade Plan

June 21, 2018 by Ed Carter

Today’s Featured Trade Idea is EPC.

Normally, you can read more about this trade, see Rick’s blog post here. However, Rick is out of the office on a family emergency. Nonetheless, members can listen to a detailed analysis of the market in the trading room at 9:10am Eastern.

For now, here is my analysis and a potential trade plan made using our Trader Vision 20/20 software.

EPC has been forming a bottom for 3 months. It is now in both a Rounded Bottom Breakout and Inverted Head & Shoulders pattern. Now it has formed a Pullback Opportunity (J-hook in progress) and printed a Hammer on Wednesday. I will look for an Entry on the breakout with a Stop set below the Resistance Level broken to get there. The Targets used were defined as Support/Resistance levels using the Weekly Chart. Below is my markup of the chart and the trade plan as laid out by Trader Vision 20/20. As a bonus, if you click the green button below, you’ll be able to watch a video of the chart markup and trade planning process.

The EPC Trade Setup – As of 6-20-18

The EPC Trade Plan

Note how Trader Vision 20/20 does so much of the work for you. As we see above, Trader Vision shows you that the stock only needs to move 6.4% to make the Goal for the trade, while the anticipated second Target price would generate a 10.85% overall gain. We also see that the Risk is low and the potential Reward decent. Knowing the Risk, Reward and how far a stock must move to reach our goal…before a trade…really takes the pressure off. No guesswork. No surprises. No emotional roller coaster.

To see a short video of this trade’s chart markup and trade planning, click the button below.

[button_2 color=”light-green” align=”center” href=”https://youtu.be/Linxe8jJ-xQ” new_window=”Y”]Trade Plan Video[/button_2]

If you’re interested in putting the power to Trader Vision 20/20 to work for you, click below.

[button_2 color=”orange” align=”center” href=”https://hitandruncandlesticks.com/product/trader-vision-20-20-monthly-subscription2/” new_window=”Y”]TV20/20 Software[/button_2]

Testimonial

Trader Vision immediately simplified the process…immediately it provided that information and guidance to me. I knew what I would risk for how much reward, I began taking trades off at the 1st target, 2nd target, I was no longer holding all my trades for the homerun. I also began implementing the stop losses if and when they were reached, not just hoping the stock would recover. It then became easier to see what patterns were working for me and which were not. It provided a much more relaxed and stress-free environment. –Joan G

***************************************************************************************************

Investing and Trading involve significant financial risk and are not suitable for everyone. Ed Carter is not a licensed financial adviser nor does he offer trade recommendations or investment advice to anyone. No communication from Hit and Run Candlesticks Inc. is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

***************************************************************************************************

Little to no fear.

June 21, 2018 by Doug Campbell

Little to no fear.

As the weekend approaches with still unresolved trade war jitters, the VIX continues to indicate little to no fear of the swirling uncertainty. New record highs in two indexes while the Dow looks to open below its 50-day average this morning adds additional complexity to the is already challenging the market. With the market capable of taking a quick turn south as it did on Tuesday, I have wonder if the market is becoming weary of all the political noise and perhaps becoming somewhat complacent.

Consider your overall risk as we move toward the weekend and remember big gaps are possible in both directions. I know I run the risk of missing out on a big rally if there happens to be a resolution to trade negotiations over the weekend but I will also be able to sleep better if I reduce my exposure to risk ahead of the weekend. I’m not saying I’m right, but for now, that’s the plan I’m sticking to it.

On the Calendar

We kick off the Thursday Economic Calendar today with the weekly Jobless Claims at 8:30 AM Eastern. Consensus expects claims to tick higher to 220,000 but still near historic lows as strong labor demand continues. Also at 8:30 the Philly Fed Business Outlook Survey expects a decline to 28.0 vs. the 45-year high in new orders on the May report of 34.4. We have a Fed Speaker & FHFA House Price index @ 9:00, Consumer Confort Index @ 9:45, Nat. Gas Report @ 10:00, 7-Bond Events at 11:00, Fed Balance Sheet & Money Supply @ 4:30 none of which are expected to move the market.

On the Earnings Calendar, we have 19 companies fessing up to their quarterly results today. Among them are KR and DRI before the bell with RHT reporting after the close today.

Action Plan

The pop and drop in the DIA yesterday left index teetering on its 50-day moving average while the QQQ and IWM reached out for new record highs. The SPY closed just slightly positive holding onto a sliver of the morning gap at the close of trading. Unfortunately, the Futures turned south during the evening and currently suggest the Dow will gap down at the open below its 50-day average as trade war jitters continue to weigh on international companies. While the Dow declines, it’s interesting to note that the VIX is fell back below a 13 handle yesterday as fear seems to remain in check.

As the weekend approaches and trade tensions continue, I will become more and more cautious about adding additional risk and will more inclined to reduce risk. With big daily gaps possible and an uncertain weekend of tariff threats I know I will sleep better and enjoy my weekend more if my capital is safely resting in the account. It’s true I could miss out on a surprise market rally but entering a little late is always easier than getting out when it’s too late.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/Eh9NdAftNqE”]Morning Market Prep Video[/button_2]

Out of The Office 2 Days

June 21, 2018 by Rick Saddler

Out of The Office 2 Days

We will be out of the office for two days Thursday and Friday, June 21 and 22 2018.

TV202 Trade Plan Right Here

HRC Monthly Trading Results Right Here

HRC Current Trading Results January 1, 2018, to June 21, 2018, • Plus 240% or $12,085 profit.

Monthly • Quarterly • Semi-Annual • Annual

Focus Trading Education

Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning, Fibonacci, Stoch/RSI

To learn more about our trading tools join us in the trading room or consider Private Coaching.

Testimonial

This is not your usual service that sends out a ton of stock recommendations, and then cherry picks the winners to show you how great they are. Hit and Run Candlesticks and Right Way Options are truly educational services. They taught me how to trade not what to trade. The entire team: Rick, Doug, Steve, and Ed are there to help and answer your questions. They are awesome. They cut years off my learning curve. And it’s a team effort. Everyone in the room (all the members) are there to help with invaluable insights and advice. The only service you will ever need. Thanks to all the team for how you have helped me and for all you do. –Jonathan Bolnick

Rare to have a service teach you how they find their choices but, HRC/RWO teach you how to fish instead of fishing for you. And, your ideas are not panned but shared, implemented, or improved. Sharing is caring. –Thomas Bradly

Past Performance Is No Guarantee of Future Results

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, Right Way Option, Trader Vision 2020 or Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service. Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone.

*************************************************************************************

June 19, 2018 HRC & RWO Joint e-Learning

June 20, 2018 by Ed Carter

Trading Basics: Price Action, Trend, Support/Resistance

In this video, Doug Campbell discusses the basics of trading…keeping it simple! Specifically, he reviews Price Action, Trend, Support and Resistance using dozens of charts to help layout potential trade setups.

1 hour 24 minutes

[video_player type=”embed” style=”1″ dimensions=”custom” width=”640″ height=”480″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player]

Investing and Trading involve significant financial risk and are not suitable for everyone. No communication from Hit and Run Candlesticks or it’s associates should be considered as financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service

Trade Alert

June 20, 2018 by Doug Campbell

Good Morning team.

The markets are moving fast this morning so I hope you had some alerts set and are making money this morning.

DDD has broken out of my alert and even-though it moved quickly I still think its trade-able as long as it fits your risk tolerance. Consider the AUG 13 Strike Calls with an initial stop at $13.80.

TEVA also triggered my alert this morning and is looking higher. Consider the SEP 22 Calls with an initial stop of $22.30.

Remember all trade ideas are for your evaluation and consideration.

KHC Setup and Trade Plan

June 20, 2018 by Ed Carter

Today’s Featured Trade Idea is KHC.

To read more about this trade, see Rick’s blog post here. However, members can listen to his detailed analysis in the trading room at 9:10am Eastern.

For now, here is my analysis and a potential trade plan made using our Trader Vision 20/20 software.

KHC has been forming a bottom for 3 months. It is now in both a Rounded Bottom Breakout and Inverted Head & Shoulders pattern. Tuesday it printed a nice Bullish Engulfing signal. I will look for an Entry at Monday’s High with a Stop set below the Resistance Level broken Tuesday. The Targets used were defined as Support/Resistance levels using the Weekly Chart. Below is my markup of the chart and the trade plan as laid out by Trader Vision 20/20. As a bonus, if you click the green button below, you’ll be able to watch a video of the chart markup and trade planning process.

The KHC Trade Setup – As of 6-19-18

The KHC Trade Plan

Note how Trader Vision 20/20 does so much of the work for you. As we see above, Trader Vision shows you that the stock only needs to move 8.51% to make the Goal for the trade, while the anticipated second Target price would generate a 10.93% overall gain. We also see that the Risk is low and the potential Reward decent. Knowing the Risk, Reward and how far a stock must move to reach our goal…before a trade…really takes the pressure off. No guesswork. No surprises. No emotional roller coaster.

To see a short video of this trade’s chart markup and trade planning, click the button below.

[button_2 color=”light-green” align=”center” href=”https://youtu.be/epgcdgi9bAc” new_window=”Y”]Trade Plan Video[/button_2]

If you’re interested in putting the power to Trader Vision 20/20 to work for you, click below.

[button_2 color=”orange” align=”center” href=”https://hitandruncandlesticks.com/product/trader-vision-20-20-monthly-subscription2/” new_window=”Y”]TV20/20 Software[/button_2]

Testimonial

***************************************************************************************************

KHC Rounded Bottom Breakout

June 20, 2018 by Rick Saddler

KHC Rounded Bottom Breakout

KHC a Rounded Bottom Breakout pattern/strategy has presented it’s self as a possible trade. With an Inverted Head and Should chart pattern and a breakout of the 50-SMA and price action leading the way, KHC looks bullish to us. The Bullish Engulf yesterday closed over minor resistance the Dotted Duece and 200-SMA are now target areas. Minor pullbacks are normal and welcomed.

KHC Trade Plan Right Here

HRC Monthly Trading Results Right Here

HRC Current Trading Results January 1, 2018, to June 19, 2018, • Plus 240% or $12,085 profit. Learn and Earn with us.

Monthly • Quarterly • Semi-Annual • Annual

SPY

Yesterday the SPY what pushed down to the 34-EMA and the May support line where is found a few buyers hanging out. During the day price action worked it was self up and closed back over the 20-SMA. So far the morning futures are leaning toward the buyer’s side. If yesterdays low holds we are building a nice higher low higher high stair step. Remember it the base hits that count

VXX – The VXX tried yesterday but no real success

Rick’s Trade-Ideas Reserved for Members

Focus Trading Education

To learn more about our trading tools join us in the trading room or consider Private Coaching.

Testimonial

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. or Rick Saddler is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone.

*************************************************************************************

Triple Point Gap

June 20, 2018 by Doug Campbell

Triple Point Gap

Another day, another triple point gap in the Dow as the markets try to come to grips with all the political uncertainty. Having gaped down three days in a row and rallying each day off the lows has likely punished any traders the chased into short trades. Today’s triple point gap up will certainly add insult to injury for those that stubbornly held on to those short positions.

With the market gaping higher this morning there will most certainly be traders that chase the gap up this morning by rushing into long positions. Could they be just as wrong and equally punished at those that chased short? The answer is obviously, Yes. Chasing is a sign of an undisciplined trader trading emotionally. It’s a bad habit that with cost you a lot of time and money. I know because that was once me and it took a lot of hard work with the help of a trading coach to break me of this habit. The solution, a good trading plan with rules that protected me from me and learning the discipline to follow them. Don’t have a plan? Stop trading until you do. Get some help and put your trading on a solid foundation.

On the Calendar

On the Economic Calendar, we have two potential market-moving reports today. First, Existing Home Sales at 10:00 AM Eastern expect a bounce back in May to and annualized rate of 5.500 vs. 5.460 million in April. Secondly, at 10:30 AM we get the latest reading on national oil supplies in the EIA Petroleum Status Report. Other than that we have a group of Fed Speakers at 9:30 AM and a couple of reports, Current Account and Mortgage applications, none of which are expected to move the market.

On the Earnings Calendar, we have 19 companies reporting with MU being one of the most notable after the bell.

Action Plan

Three days in a row the market has gapped due to trade war fears yet each day the Bull have fought back rallying of the morning lows. The Dow has taken the brunt of the selling and yesterday dipped below its 50-day average but managed to rally just enough to close back this important support level. The SPY although closing lower on the day held support as the Bulls stepped up to defend the index lifting it well of the morning lows. The QQQ briefly dipped below price support but came back nicely, and the IWM rallied to print a new record hi

Politically charged price action has been a challenge the last few trading days, and I would expect that to continue until we finally get some resolution on trade disputes. This morning Dow Futures are looking higher and once again expected to gap more than 100 points sharing the pain with those that happened to chase into short trades. Keep in mind; it’s equally wrong to chase long trades on a gap up open with so much uncertainty swirling around. To reduce potential volatility look to stock holding solid trends that are primarily domestic companies as they are less affected in a trade war escalation.

Trade Wisley,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/iFhL2PuEX3c”]Morning Market Prep Video[/button_2]